A press conference on the bank’s new developmental stages organized by URSA Bank’s top management and the bank’s business partners was held in Interfax’s press center. It was announced that Russia New Growth Fund managed by Troika Capital Partners (TCP) had bought URSA Bank’s shareholding consisting of 7.4% of the bank’s ordinary shares acquired from S.M. Capital Group.

‘Troika Dialog was the first investment company to start doing business with URSA Bank long before other investors first heard of this provincial bank. Today, URSA Bank is one of Russia’s most successful banks,’ Troika Dialog’s Chairman Ruben Vardanyan said.

‘In addition, URSA Bank is one of this country’s fastest growing banks as well; it can also take pride in its impressive share of the regional markets and being one of Russia’s Top 10 banks that deal in loans to individuals. Russia New Growth Fund’s acquisition of the bank’s shares welcomes in the new era of its development,’ he noted.